Financial Daily from THE HINDU group of publications
Friday, August 30, 2002
Markets (Aug. 29)
BL 2501077.89 (-6.81)
BSE Sensex3114.16 (+14.78)
S&P CNX Nifty987.25 (+1.55)
Dollar (Buy/Sell)48.48/48.61
Gold Std (10 gm)5130

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MARKETS

MUTUAL FUNDS


Bonds to bail out UTI likely only next fiscal
THE Government's plans of a bond issuance to bail out the Unit Trust of India's (UTI) US-64 scheme may be pushed to the next fiscal. However, the additional fund requirement to bridge the shortfall between the assured repurchase price and the ... More

TECHNICAL ANALYSIS


Bear run arrested
BEARS dominated the initial hours of Thursday's trading. Thereafter, bulls gained control of the day's proceedings. Thursday's market action resulted in reducing the bear count by a considerable margin. The market sentiment reading of tradable ... More

STOCK EXCHANGES


OTCEI mulls various options for survival
THE Over The Counter Exchange of India (OTCEI) is finally coming to terms with what could be a reality for it: a consolidation with the National Stock Exchange (NSE) or some form of alignment with small stock exchanges. A merger or a similar ... More

STOCK MARKETS


BSE, NSE warn badla traders
BOTH the Bombay Stock Exchange and the National Stock Exchange today said they would take disciplinary action against any market participants found to be engaged in unofficial badla. In a joint statement, the exchanges have advised that ... More

Satyam volumes swell on spot-future arbitrage
SATYAM Computer recorded combined volumes of 5.5 crore shares on the Bombay Stock Exchange and the National Stock Exchange on Thursday. Brokers said that the rise in volumes was mainly on account of the expiry of August stock futures and ... More

HPCL, BPCL plummet on disinvestment delays
THE news of postponement of the meeting of the Cabinet Committee on Disinvestment to September 7 led to a steep fall in the share prices of oil PSU majors, HPCL and BPCL, on the bourses on Thursday. Sources in the market said that the selling ... More

DERIVATIVES MARKETS


Contrarian strategy on Infosys may pay
THE following are some buy/sell strategies based on Thursday's trading in the derivatives segment at the NSE: Equity options:
  • Infosys: Put and call implied volatilities signal that the immediate outlook on Infosys is ... More

    ASSET MANAGEMENT COMPANIES


    DSP Merrill consolidating its holding in AMC
    DSP Merrill Lynch (DSPML) is consolidating its holding in its asset management company, DSP Merrill Lynch Investment Managers Ltd (DSPMLIM), by buying the 40 per cent stake of Merrill Lynch Investment Managers (MLIM). DSPML holds the rest of the ... More

    REGULATORY BODIES & RULINGS


    `SE boards must have equal numbers from all stakeholders'
    A SEBI group on corporatisation and demutualisation of stock exchanges has recommended that the boards of stock exchanges should have equal representation from the various stakeholders — shareholders, brokers and investing public. It has ... More

    SEBI proposes `corporate governance rating' soon — In touch with Crisil, ICRA
    THE Securities and Exchange Board of India (SEBI) has sought the services of two of the leading credit rating agencies in the country - Credit Rating Information Services of India Ltd (Crisil) and Investment Information and Credit Rating Agency ... More

    COMMENTARY


    ITC, tech stocks gain; PSUs take a knock
    ON Thursday, the indices traded in a tight band. The steam provided by technology stocks and ITC was negated by the slump in PSU stocks. Click here for table The benchmark BSE Sensex closed 0.48 per cent or 14.78 ... More
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